Bitcoin, Ethereum, and Solana experienced significant rebounds following the latest Federal Reserve announcement
The cryptocurrency market reacted positively, signalling investor optimism about a stable interest rate environment, with Bitcoin surging by 5% to $59,440, Ethereum climbing 5.02% to $3,015, and Solana seeing an 11% increase to $136. The Fed also announced a slowdown in the pace of its balance-sheet reduction, set to commence in June, aiming to prevent market volatility similar to that experienced in September 2019.
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Bitcoin, Ethereum, and Solana experienced significant rebounds following the latest Federal Reserve announcement
The cryptocurrency market reacted positively, signalling investor optimism about a stable interest rate environment, with Bitcoin surging by 5% to $59,440, Ethereum climbing 5.02% to $3,015, and Solana seeing an 11% increase to $136. The Fed also announced a slowdown in the pace of its balance-sheet reduction, set to commence in June, aiming to prevent market volatility similar to that experienced in September 2019.
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